The effect of recording depreciation for the year is a(n):
A) decrease in assets and a decrease in net income.
B) decrease in assets but no change in owners' equity.
C) increase in assets and an increase in net income.
D) decrease in net income and no change to assets.
A
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Which of the following is NOT an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) The store clerk deposits the cash in the bank. C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales. D) The cash draw opens after the store clerk enters a transaction.
The fact that members of virtual teams may have little in the way of shared ______ makes the development of team identity more difficult.
A. diversity B. context C. respect D. complexity
A violent crime is:
a. one in which physical force is used b. one in which no physical force is used c. one in which no other party is harmed d. one in which no minors are involved e. none of the other choices are correct
In the following General Journal transaction, to what do the numbers 101 and 301 refer?
A) General journal numbers
B) Employee numbers
C) General Ledger account numbers
D) Transaction numbers